The Walt Disney Company (NYSE:DIS) Position Cut by Truvestments Capital LLC

Truvestments Capital LLC lowered its position in shares of The Walt Disney Company (NYSE:DIS) by 22.7% in the 3rd quarter, Holdings Channel reports. The fund owned 1,645 shares of the entertainment giant’s stock after selling 483 shares during the period. Truvestments Capital LLC’s holdings in Walt Disney were worth $158,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of DIS. William B. Walkup & Associates Inc. bought a new position in Walt Disney in the 2nd quarter worth about $32,000. Mascoma Wealth Management LLC boosted its position in shares of Walt Disney by 38.0% during the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the period. First PREMIER Bank grew its holdings in Walt Disney by 98.1% in the 3rd quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares in the last quarter. Iron Horse Wealth Management LLC increased its position in Walt Disney by 148.7% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock valued at $55,000 after acquiring an additional 333 shares during the period. Finally, Livelsberger Financial Advisory bought a new stake in Walt Disney during the 3rd quarter valued at $57,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Stock Performance

Shares of DIS opened at $115.46 on Wednesday. The company has a 50-day moving average of $99.03 and a two-hundred day moving average of $96.86. The stock has a market cap of $209.08 billion, a price-to-earnings ratio of 42.60, a PEG ratio of 2.15 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.67. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Macquarie increased their price target on Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Needham & Company LLC raised their target price on shares of Walt Disney from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America boosted their price target on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walt Disney from $115.00 to $131.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Seaport Res Ptn raised Walt Disney from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.83.

Insider Activity at Walt Disney

In other news, EVP Brent Woodford sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total value of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert A. Iger sold 372,412 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $114.57, for a total value of $42,667,242.84. Following the completion of the sale, the chief executive officer now directly owns 226,767 shares of the company’s stock, valued at approximately $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.